The first Lancia Stratos video has hit the web, and we can finally get to see the one-off model in action on track.

The Lancia Stratos was designed by the Pininfarina design studio, and the car's lucky owner, German businessman Michael Stoschek, also appears in the footage.

Based on a shorter Ferrari 430 Scuderia chassis, the Lancia Stratos took around 24 months to develop, and as you you will hear, the Ferrari sourced V8 powerplant sound great, if only the video quality was a little better.